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Property companies’ share price discounts and property market returns The Singapore evidence

Property companies’ share price discounts and property market returns The Singapore evidence Analyses the quarterly share price discount/ premium of Singapore property companies in the period 1980‐94. Further investigations suggest an inverse relationship between the size of average valuation discount of property equity and direct property return even in the presence of a “pure” property factor in both markets. Lends further research evidence to the growing belief that property stocks may be regarded as proxy for direct property investments. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Property Finance Emerald Publishing

Property companies’ share price discounts and property market returns The Singapore evidence

Journal of Property Finance , Volume 7 (4): 14 – Dec 1, 1996

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Publisher
Emerald Publishing
Copyright
Copyright © 1996 MCB UP Ltd. All rights reserved.
ISSN
0958-868X
DOI
10.1108/09588689610152390
Publisher site
See Article on Publisher Site

Abstract

Analyses the quarterly share price discount/ premium of Singapore property companies in the period 1980‐94. Further investigations suggest an inverse relationship between the size of average valuation discount of property equity and direct property return even in the presence of a “pure” property factor in both markets. Lends further research evidence to the growing belief that property stocks may be regarded as proxy for direct property investments.

Journal

Journal of Property FinanceEmerald Publishing

Published: Dec 1, 1996

Keywords: Property; Share prices; Singapore

References